New Listing - 05/29/2026
470 Shippee Road, East Greenwich, RI, 02818
**Highest & Best Due Saturday, 5/30 By 12:30 PM** In the heart of desirable East Greenwich where South Road becomes Shippee Road, this 1.48-acre parcel offers a rare opportunity for a new build in a peaceful country setting. The land is flat and lightly wooded with classic stone walls, mature plantings, and seasonal flowers, creating an inviting backdrop for a future custom home or small hobby/equestrian use. DEM site eval; OWTS Inspection Report and Soil Eval available. The existing cottage is a tear-down: it sits on cinder blocks, has no permanent heat source (wood stove only), and will not qualify for conventional, FHA, VA, or rehab/construction financing. If purchasing as a single-family residence with the existing structure, cash buyers only. If purchasing as land, specialized land/lot financing may be obtainable, subject to lender requirements and buyer due diligence. The well and cesspool do not meet current code and will require buyer replacement. Do not walk the property without an agent present; access is by appointment only. **Also listed as a SFH under MLS Listing #1411833
Status:
Active
Type:
Lot / Acreage
Zoning:
F2
Frontage:
60
Subdivision:
Shippee
Acreage:
1.48
Est. Taxes:
$4,366
Assessment
$280,400
Permitted Use
Single Family
Lot Description:
Level
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Pool, Recreation Area, Restaurant, Shopping, Tennis Court(s), Street Lights
MLS #:
1411843
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of RI Real Estate Services 401-885-5400